Nisa Investment Advisors LLC Increased Position in Safety Insurance Group, Inc. (NASDAQ:SAFT)


Nisa Investment Advisors LLC grew its position in Safety Insurance Group, Inc.NASDAQ: SAFTGet Votes) and 12.4% in the first quarter, according to the company in its most recent filings with the Securities & Exchange Commission. The fund owned 5,240 shares of the insurance company’s stock after acquiring an additional 580 shares during the period. Nisa Investment Advisors LLC’s holdings in Safety Insurance Group were worth $476,000 at the end of the most recent period.

Several other hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in Safety Insurance Group by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 314,863 shares of the insurance company’s stock valued at $26,773,000 after acquiring an additional 2,958 shares during the last quarter. AltraVue Capital LLC lifted its holdings in Safety Insurance Group by 20.3% in the fourth quarter. AltraVue Capital LLC now owns 244,652 shares of the insurance company’s stock worth $20,802,000 after acquiring an additional 41,210 shares in the last quarter. Invesco Ltd. raised its holdings in Safety Insurance Group by 7.2% in the fourth quarter. Invesco Ltd. now owns 200,390 shares of the insurance company’s stock valued at $17,039,000 after acquiring an additional 13,505 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Safety Insurance Group by 14.9% in the 4th quarter. JPMorgan Chase & Co. now owns 160,209 shares of the insurance company’s stock valued at $13,624,000 after acquiring an additional 20,795 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Safety Insurance Group by 16.6% in the 4th quarter. Victory Capital Management Inc. now owns 120,577 shares of the insurance company’s stock valued at $10,253,000 after acquiring an additional 17,209 shares during the last quarter. 79.46% of the stock currently belongs to hedge funds and other financial institutions.

Internal Services

In other news, Director Peter J. Manning sold 2,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares traded at an average price of $90.93, for a total sale of $181,860.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $454,650. The transaction was disclosed in a regulatory filing with the SEC, which is available at This hyperlink. Insiders own 4.20% of the company’s stock.

Selling Security Insurance Under 0.3%

NASDAQ: SAFT opened at $89.77 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt ratio of 0.03. Safety Insurance Group, Inc. it has a 12 month low of $74.45 and a 12 month high of $99.75. The company has a market cap of $1.32 billion, a PE ratio of 13.20 and a beta of 0.30. The company has a 50-day moving average of $92.74 and a 200-day moving average of $88.66.

Safety Insurance Group (NASDAQ: SAFTGet Votes) last posted its earnings results on Wednesday, May 4th. The insurance provider reported $0.99 EPS for the quarter. The Safety Insurance Group had a margin of 11.93% and a return of 10.10%. The business had revenue of $195.00 million during the quarter.

Financial reports Safety Insurance Group Dividend

The business also recently announced a third dividend, which was issued on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were issued a $0.90 dividend. The company paid $3.60 per share during the last period and the annual yield was 4.01%. The last day for this session was Tuesday, May 31st. The company’s shares are calculated on one share of Safety Insurance Group Limited 52.94 %.

Analyst Upgrades and Downgrades

alone, StockNews.com began coverage on shares of Safety Insurance Group in a research report on Thursday, March 31st. They gave the company a “hold” rating.

Profile of the Security Insurance Group

(Get Votes)

Safety Insurance Group, Inc provides personal and commercial auto, as well as homeowner’s insurance in the United States. The company’s passenger car policies provide coverage for bodily injury and property damage to others, coverage for occupants of the insured vehicle/insured, and damage to the insured vehicle in the event of a collision or other accident.

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